FESM Performance — Fidelity Enhanced Small Cap Core ETF
Data updated: 2026-09-11
FESM returned +28.42% year to date and +52.21% over one year to Jun 2026. Over one year the fund beat its US Small Blend category average: $100 grew to $152, against $133 for the category. Volatility over the past 12 months was 16.42% a year. In the 12 months to Jun 2026 the fund took in a net $2.4B, and assets reached $5.78B.
FESM Growth of $100
What $100 invested in Fidelity Enhanced Small Cap Core ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Blend category average over the same months.
| Period | FESM | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $152 | $133 |
| Since data start (Dec 2023 – Jun 2026) | $198 | $160 |
FESM Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +28.42% |
| 1 year | +52.21% |
| 3 years (annualised) | +30.29% |
FESM Annual Returns
Calendar-year total returns of Fidelity Enhanced Small Cap Core ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +28.42% |
| 2025 | +17.70% |
| 2024 | +16.45% |
| 2023 (Dec–Dec) | +12.54% |
FESM Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +5.0% | +0.9% | −4.6% | +14.4% | +4.8% | +6.2% | — | — | — | — | — | — |
| 2025 | +3.6% | −5.7% | −6.4% | −2.5% | +5.8% | +5.3% | +2.3% | +8.6% | +3.0% | +1.9% | +1.7% | −0.1% |
| 2024 | −2.1% | +6.2% | +3.0% | −6.9% | +4.9% | −0.6% | +10.2% | −0.4% | +0.9% | −1.3% | +12.0% | −8.6% |
| 2023 | — | — | — | — | — | — | — | — | — | — | — | +12.5% |
FESM Risk
Risk measures from monthly returns over Jul 2025 – Jun 2026.
- 1-year volatility (annualised): 16.42%
- Best month: +14.36% (Apr 2026)
- Worst month: −4.61% (Mar 2026)
FESM Fund Flows
Monthly money in and out of Fidelity Enhanced Small Cap Core ETF, from SEC Form N-PORT.
- 12-month net flow: $2.4B
- 12-month gross sales (incl. reinvestments): $3.5B
- Sales ÷ redemptions: 3.08×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $641.7M | $473.4M | $168.3M |
| May 2026 | $387.9M | $327.8M | $60.0M |
| Apr 2026 | $294.6M | $0 | $294.6M |
| Mar 2026 | $263.9M | $75.3M | $188.6M |
| Feb 2026 | $272.5M | $7.9M | $264.6M |
| Jan 2026 | $332.4M | $36.9M | $295.5M |
| Dec 2025 | $234.1M | $0 | $234.1M |
| Nov 2025 | $175.1M | $66.3M | $108.8M |
| Oct 2025 | $461.5M | $41.0M | $420.6M |
| Sep 2025 | $202.7M | $61.2M | $141.6M |
| Aug 2025 | $159.3M | $33.9M | $125.3M |
| Jul 2025 | $55.4M | $6.5M | $48.9M |
FESM Assets Under Management
Net assets of Fidelity Enhanced Small Cap Core ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $5.78B |
| 2026-03-31 | $4.10B |
| 2025-12-31 | $3.36B |
| 2025-09-30 | $2.50B |
| 2025-06-30 | $1.90B |
| 2025-03-31 | $1.67B |
| 2024-12-31 | $1.07B |
| 2024-09-30 | $924.22M |
| 2024-06-30 | $597.41M |
| 2024-03-31 | $522.84M |
| 2024-02-29 | $514.84M |
| 2023-11-30 | $452.89M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.